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Gold & metals
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bsiong
Supreme |
24-Jun-2014 07:59
Yells: "The Greatest Wealth is Health" |
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x 0 Alert Admin |
By Roxanne Lewis - June 23, 2014
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Here is a comparative graph showing London PM Gold Stocks vs London Gold PM originally presented a year ago. It appears that gold has either scraped the bottom and is making its move up or one more bottom may be logged in the near future. I suspect that we may have...
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bsiong
Supreme |
24-Jun-2014 07:57
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
By Gary Tanashian - June 23, 2014
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The real price of gold, as adjusted by commodities is making some nice baby steps toward rebounding. Here is a picture of the gold ETF vs. certain key commodity ETF&rsquo s and markets, that show the progress of what would be the most desirable condition (a rising real...
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bsiong
Supreme |
24-Jun-2014 07:54
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Closing Gold & Silver Market Report - 6/23/20146/23/2014 4:04:01 PM By: Ted Prince
GOLD RETAINS GAINS AS INVESTORS EYE IRAQI CONFLICT The Gold price was able to hold onto gains realized last week as net long positions on futures contracts increased to their highest level since March. The U.S. dollar has been experiencing downward pressure due to dovish comments from the Federal Reserve which have caused the greenback to realize its longest losing streak in seven weeks. Geopolitical tension has been the element most essential to higher Precious Metals prices this year. Turmoil in Ukraine has given way to a focus on anti-government insurgents in Iraq cutting a violent course to Baghdad in an effort to overthrow the existing regime. With eyes fixed on Iraq and assertions of slowing long-term growth in the U.S., hedge funds and other money managers increased bullish positions on Gold by 30 percent last week. A weakening dollar could be further grounds for the increase of Precious Metals holdings in the coming weeks and months. U.S. stocks are down for the first time in seven sessions as a prolonged rally gave way to profit-taking amid concerns about developments in Iraq. " You' re sitting up at all-time highs and you do have a geopolitical situation remaining out there that' s weighing on the market," Bill Stone, chief investment strategist at PNC Wealth Management, said. " We got on balance in the U.S. with some good economic numbers. It continues to tell the story of a snap back in second quarter GDP." At 5 p.m. (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
23-Jun-2014 23:14
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Morning Gold & Silver Market Report - 6/23/20146/23/2014 8:30:19 AM By: Peter LaTona
GOLD, SILVER PRICES CONSOLIDATE BELOW TWO MONTH HIGHS Better than expected news out of China and worse than expected news out of Europe are balancing each other out, while the Iraq crisis continues to provide support for Gold. Sunni tribes took control of a border crossing between Iraq and Jordan late Sunday night. By all accounts, this situation is only expected to intensify. Gold prices are expected to settle after strong upward movement last week. It should be noted that demand has been fueled by hedge funds and money managers as they increased bullish bets in the futures markets last week. Physical demand in 2014 has generally been weak. European stocks are down this morning after a report that eurozone business activity has slowed and the U.K. housing shares may also be slowed by upcoming changes to mortgage rules. There are reports that the Bank of England will enact measures to cool down the booming housing market. Investors in the U.S. will be closely following the housing market. Existing home sales data comes out today, followed by new home sales data Tuesday. Most analysts are expecting numbers to maintain or dip slightly. At 9:30 a.m. (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
23-Jun-2014 08:13
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
 Silver Price Busts Out Of 3-Year DowntrendSilver 1% on Friday, hitting $20.91 & bringing gains for the week to more than 6%. While Gold broke through its 200... Read More |
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bsiong
Supreme |
23-Jun-2014 08:08
Yells: "The Greatest Wealth is Health" |
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By Mervyn Burak - June 22, 2014
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With the gold fever that took place on Thursday I thought I&rsquo d post my two cents worth as to what it all means, or doesn&rsquo t mean. I was initially going to do my normal long, intermediate and short term technical summary of the gold action but after looking and...
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bsiong
Supreme |
23-Jun-2014 07:59
Yells: "The Greatest Wealth is Health" |
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x 0 Alert Admin |
By Warren Bevan - June 22, 2014
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A bit of a strange week for markets and many stocks as they looked strong and should have moved but they didn&rsquo t do much in the end. Maybe it had something to do with the quad witching Friday.
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bsiong
Supreme |
21-Jun-2014 11:12
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Volume Is Gold&rsquo s Technical FuelJune 20, 2014
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Chart Analysis Gold Breakout, Silver $26 Target, GDX Pause & GDXJ Bull Flag Charts Analysis via videos. Gold Breakout Charts Analysis Silver $26 Target Charts Analysis GDX Pause & Pop Charts Analysis GDXJ Bull Flag Charts Analysis ******** |
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bsiong
Supreme |
21-Jun-2014 11:09
Yells: "The Greatest Wealth is Health" |
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x 0 Alert Admin |
By Austin Galt - June 20, 2014
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With both gold and silver putting in big moves higher the past week, I thought it would be timely to investigate both charts and see if anything can be gleaned from them. I have used the weekly charts of both commodities to do this. Let&rsquo s begin with the gold chart.
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bsiong
Supreme |
21-Jun-2014 11:06
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Mid-Day Gold & Silver Market Report - 6/20/20146/20/2014 12:28:02 PM By: Paul Stevens
METALS CONTINUE RISE AS INVESTORS WATCH IRAQ Precious Metal prices are continuing their upward movement through mid-day trading. As investors continue to digest the fact that U.S. interest rates possibly will remain steady, continued violence in Iraq has given Precious Metals&rsquo safe-haven appeal a boost. Edward Meir of INTL FCStone wrote, " We suspect that Gold should enjoy a degree of underlying support from geopolitical headlines, which still remain concerning and have the ability to seriously destabilize the markets, especially if they result in a further spike in oil prices." Earlier this week, the Federal Reserve announced it believed interest rates would increase at a slightly quicker pace than expected starting next year. However, not all investors agree with this stance and the current position of the bonds market reflects this. J.P. Morgan Funds Chief Global Strategist David Kelly told CNBC Friday, " The bond market is unbelievably more dovish than the Federal Reserve itself. I think the Fed' s forecast for the economy are wrong. And their policy is too dovish based on those policies." At 1:27 p.m. (ET), the APMEX Precious Metals spot prices were:
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WanSiTong
Supreme |
21-Jun-2014 06:57
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Gold: Don' t buy the sucker' s rally 
Gold has rallied this year but they have pulled back from their highs. Click for more market data. NEW YORK (CNNMoney) They say all that glitters...you know the rest.Gold prices shot up more than 3% on Thursday, the biggest one day gain since September 2013. Prices were up slightly again Friday, with futures trading at about $1,316 an ounce. So far this month, gold prices have risen nearly 6%. While gold bugs have regained some swagger, analysts don' t expect the metal to break out of the funk it' s been in for the past year. The recent jump in gold prices comes as turmoil in Iraq has put some investors on edge. Gold and other so-called " hard" assets often find favor in times of political and economic uncertainty. Meanwhile, Russian forces have been massing on the eastern border with Ukraine, raising concerns about an escalation of tensions in an already volatile region. " There are a lot of reasons investors should own gold," said Donald Doyle, chief executive of Blanchard & Co., a precious metals dealer in New Orleans. The current geopolitical uncertainty " illustrates the metal' s qualities as insurance when governments clash." Doyle added that investors were also spooked by comments from Federal Reserve chair Janet Yellen on Wednesday. Yellen reiterated that the central bank is unlikely to hike interest rates any time soon. Some investors see gold as an alternative to the U.S. dollar, which they believe is being undermined by the Fed' s policies. Related: Water becoming more valuable than gold But other analysts say Thursday' s rally was driven by technical factors, such as " short covering." The price of gold rose above its 50-day moving average early Thursday, which triggered a wave of buy orders and caused investors who were betting against the metal to unwind their positions, said Carlos Sanchez, a precious metals analyst at the CPM Group. Investors have been " short" gold for at least a year, meaning they are positioned to benefit from falling prices. Analysts say that' s not likely to change anytime soon. The summer months are historically very slow in the gold market. In addition, demand from China, which has been a big consumer of physical gold, is slowing down. While geopolitical concerns could help support the metal in the short term, " I still think gold is headed lower," said Sanchez. That' s largely because the stock market continues to hit record highs. And despite worries about Ukraine and Iraq, investors don' t appear to be that scared. The VIX (VIXAUG), a key measure of volatility, is at its lowest point since 2007. And the CNNMoney Fear & Greed Index, which looks at the VIX and six other measures of investor sentiment, is showing signs of Extreme Greed. Investors fled the gold market last year as they chased better returns in more risky assets. Gold prices fell nearly 30% in 2013. It was the biggest decline since 1981 and the first year-over-year drop since 2000. Gold hit an all-time high near $1,900 an ounce in 2011, as investors worried about a global economic collapse. But the metal has fallen out of favor with stocks in the midst of a five year-old bull market. Related: Funds dumped $40 billion in gold last year " The fact that the equity market continues to be strong doesn' t give traders much incentive to get into gold," said Rob Kurzatkowski, senior commodities analyst at optionsXpress. Gold will probably continue to trade in the range it has been in for most of the year, between $1,200 and $1,300 an ounce, Kurzatkowski added. " Gold may just continue to grind here," he said. " There are too many factors underpinning the market for gold to collapse, but there' s not enough to spark the metal higher either." |
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bsiong
Supreme |
21-Jun-2014 00:13
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Morning Gold & Silver Market Report - 6/20/20146/20/2014 8:18:30 AM By: Peter LaTona
GOLD SURGES 3 PERCENT, SILVER UP AS MUCH AS 5 PERCENT Gold had its best day in more than eight months Thursday as prices hit two month highs. Silver was also up as high as 5 percent. Rising prices were fueled by continued conflicts in the Middle East and the Federal Reserve' s indication that interest rates will remain low for a long time. " The Fed statement and geopolitical tensions sparked a frantic reversal in market sentiment. Investors are now bullish instead of bearish on Gold," RJ O' Brien senior commodities broker Phillip Streible said. Platinum and Palladium prices also shot up as South African mining strike negotiations broke down. Gold and Silver prices are holding on to gains in early morning trading. Housing is considered to be a key indicator of U.S. economic recovery and the two-year-old housing recovery seems to be losing steam. Yesterday, the Mortgage Bankers Association lowered its 2014 new and existing home sales forecast by 4.1 percent. It also lowered its projection for mortgage lending volume by 8.7 percent. In short, home prices have been rapidly rising, but the number of high paying jobs has not. " The big housing rally wiped itself out because prices increased too quickly for buyers to keep up," Global Hunter Securities LLC consumer strategist Richard Hastings said. " The pool of eligible new buyers is collapsing" due to stagnant incomes and an absence of credit. Hastings predicted the housing slowdown eight months ago. At 9 a.m. (ET), the APMEX Precious Metals spot prices were:
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earlybird14
Supreme |
20-Jun-2014 10:11
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x 0
x 0 Alert Admin |
Good price today, looking for 10% profit here, go gold!
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bsiong
Supreme |
20-Jun-2014 08:20
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
 June 19, 2014 - 09:18:54 PDT Silver Or Gold - What Do You Buy?At a recent panel discussion in Vancouver the question was asked whether to buy Silver, or Gold. Mike Maloney gives some... Read More |
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bsiong
Supreme |
20-Jun-2014 08:16
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
 Gold Hits Over $1300, Silver Surges To 3-Month Highs As China Rehypothecation Ponzi UnwindsGold & Silver are surging today (& have done since the FOMC press conference all-clear) with the latter having i... Read More |
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bsiong
Supreme |
20-Jun-2014 08:12
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
By David Chapman - June 20, 2014
The chart of the S& P500 is one everyone who is long the market should be worried about. In terms of bull markets, while the current one may not be the most powerful one following a 50% or more collapse in the market it is one of the longest. This current bull is...
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bsiong
Supreme |
20-Jun-2014 08:11
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
By Jeb Handwerger - June 19, 2014
June is busting out gold and silver and all over the junior miners (GDXJ) which is up close to 30% this month alone. Are the blacks swans waking you up from the summer doldrums?
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bsiong
Supreme |
20-Jun-2014 08:04
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
By Peter Degraaf - June 19, 2014
June Lows Often Mark the Beginning of a Long Rally in Gold and Silver.
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bsiong
Supreme |
20-Jun-2014 08:02
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
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Los Angeles (June 19) The gold price scaled $1,300 an ounce for the first time in more than a month, after comments by US Federal Reserve... Read More
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bsiong
Supreme |
20-Jun-2014 08:00
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Closing Gold & Silver Market Report - 6/19/20146/19/2014 4:01:22 PM By: Ted Prince
IRAQ CONCERNS, FED STATEMENT TRIGGERS TECHNICAL BUYING FOR GOLD Following an uneventful stretch of price activity, Gold and Silver have both surged significantly higher today. Tensions remain high in Iraq and statements by Fed Chairwoman Janet Yellen indicated low rates for the foreseeable future. The impact on the U.S. dollar has been substantial as Gold has risen the most since last September. Geopolitical crises have contributed to higher Gold prices this year and Brien Lundin, editor of Gold Newsletter believes, " the generally dovish interpretation of the Fed policy statement yesterday has also helped gold." The turmoil in Iraq and Fed statements yesterday pushed Gold toward technical levels that triggered a round of buying among electronically traded Gold helping lift the price over $45 today. With Gold making such a drastic single day movement, some professional investors such as George Gero, precious metals strategist at RBC Capital Markets, believe large investment entities will take notice and begin increasing positions in Gold. " I don' t think it' s a one-day movement. I think such a sharp one-day movement is a signal. I think the institutions are making note of it. I think they' ve been underinvested," Gero said. The Federal Reserve' s monthly summit ended yesterday with comments that proved bullish for some Gold investors. Thursday' s market open saw a $500 million position taken giving the price an initial boost that has precipitated ongoing Gold futures buying throughout the day. With a sudden onset of price volatility, investors will keep a watchful eye on Gold and Silver markets in the coming days. At 5 p.m. (ET), the APMEX Precious Metals spot prices were:
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